Sales Tax and Use Tax AdministrationPresentation Transcript
Sales and Use Tax Basic Information to Protect Your Company Presented by Michael A. Kochis Presented November 9, 2006
Disclaimer This program presents introductory information about general sales and use tax requirements. It is not a substitute for competent tax and/or legal advice when dealing with the complexities of complying with the various state sales and use tax statues for your individual business.
Sales tax – is imposed on tangible personal property by retailers.
Use tax – is the complement to sales tax and is imposed on consumers of tangible personal property.
Tangible personal property – personal property which can be weighed, measured, felt, or seen.
Seller’s Permit – a license to collect and remit sales tax to the taxing jurisdiction.